#selling-pressure

#selling-pressure

Selling pressure driven by profit-taking and miners offloading bitcoin holdings

Bitcoin price surge fueled by buying demand and reset in funding rates [ more ]

Bitcoin historically sees gains around the Chinese New Year period.

Sources of selling pressure have eased while BTC prices have increased, suggesting demand. [ more ]

Crypto lender Genesis has filed a motion to sell over $1.6 billion in Bitcoin, Ethereum, and Ethereum Classic held in Grayscale's trust products.

The approval of the motion could lead to significant selling pressure on Bitcoin, as seen in a previous instance of a bankrupt exchange selling over $1 billion worth of GBTC holdings. [ more ]

JPMorgan suggests that selling pressure in bitcoin caused by profit-taking from the Grayscale Bitcoin Trust may be largely over.

The conversion of GBTC to an ETF has resulted in significant outflows, with around $4.3 billion already leaving the fund. [ more ]

Crypto markets face downside risk due to potential selling pressure from Mt. Gox creditors in July, with a rebound projected in August. [ more ]

Selling pressure from Mt. Gox's repayments may be less severe than expected, easing concerns about an immediate selloff. [ more ]